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Dec 27, 2012
12/12
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FBC
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steve forbes will be coming up later in the hour. shibani: we will tell you what drove the markets today with today's data down load. stocks gaining momentum in the last hour of trading crawling back from triple digit losses down about 150 points following reports that the house will return to washington on sunday, but that late rally wasn't enough to lift stocks into positive territory, with all three major indices closing lower for the fourth day in a row. materials, financials, amongst the day's top worst performing sectors i should say. new home sales surging to strongest level in more than two years. sales jumping 4.4% from october to an annual rate of 377,000, more good signs that that housing sector much needed to improve the rest of the economy is finally getting a boost. and the number of americans filing new applications for unemployment aid falling to its lowest level in nearly four and a half years. initial claims dropping 12,000 to a seasonally adjusted 350,000 the week prior was revised up by a thousand. david: let's co
steve forbes will be coming up later in the hour. shibani: we will tell you what drove the markets today with today's data down load. stocks gaining momentum in the last hour of trading crawling back from triple digit losses down about 150 points following reports that the house will return to washington on sunday, but that late rally wasn't enough to lift stocks into positive territory, with all three major indices closing lower for the fourth day in a row. materials, financials, amongst the...
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Dec 4, 2012
12/12
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MSNBCW
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with us now from london to take an early look at the markets, cnbc's steve sedgwick. good morning. >> very good morning. this is really good news. we expected something along the lines. for so long now americans have not been replacing their cars. the average age of an automobile in the united states is 11 years old. the old is 20% or somewhere in the region of 16 years old. the replacement cycle seems to have started. that led to great news in november topping 15.5 million car sales in the month of november it was 1.14 million cars sold. a little bit of that was the replacement of cars from superstorm sandy. that is really good news there for the auto sector. the markets have been down lately. we had average to poor manufacturing data out of the u.s. in the last 24 hours as well. also keep an eye on the big accounting companies as well. the sec is taking aim at them allegedly haven't handed over the documents that the sec wants to see in relation to chinese companies listing in canada and the united states when those companies listed very often they performed really
with us now from london to take an early look at the markets, cnbc's steve sedgwick. good morning. >> very good morning. this is really good news. we expected something along the lines. for so long now americans have not been replacing their cars. the average age of an automobile in the united states is 11 years old. the old is 20% or somewhere in the region of 16 years old. the replacement cycle seems to have started. that led to great news in november topping 15.5 million car sales in...
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Dec 27, 2012
12/12
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KTVU
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. >>> the yacht commissioned by steve jobs is now free to sail to the united states, the designer of the yacht named venus said he was still owed 4 million dollars so it was impounded but now he has reached a settlement with his family. it is still in europe however because bad weather is keeping it at the dock. >>> well, today on ktvu channel 2 news at 5:00, continuing coverage over that fiscal cliff crisis, more on that plus what happens to your paycheck and your monthly income if lawmakers fail to make a deal by january 1st. >>> thanks for trusting ktvu channel 2 news, we are going to see you the next time news breaks also we are always here for you on ktvu.com and mobile ktvu.com, have a great thursday everyone. send comments to comments@captioncolorado.com captions by terry james, caption colorado, llc. [ female announcer ] now get high speed internet at home on our newly expanded advanced digital network, a connection you can count on. introducing at&t u-verse high speed internet with more speed options, reliability and wi-fi hot spots than ever. call at&t now to get u-verse hi
. >>> the yacht commissioned by steve jobs is now free to sail to the united states, the designer of the yacht named venus said he was still owed 4 million dollars so it was impounded but now he has reached a settlement with his family. it is still in europe however because bad weather is keeping it at the dock. >>> well, today on ktvu channel 2 news at 5:00, continuing coverage over that fiscal cliff crisis, more on that plus what happens to your paycheck and your monthly...
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Dec 27, 2012
12/12
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i want to start with steve on this one. this sunday when given the opportunity to defend hagel, chuck schumer i just mentioned, refused to do so. listen to what this very smart senator from new york had to say. >> that's his choice. i think once he makes it, his record will be studied carefully. but until that point, i think we're not going to know what's going to happen. >> can you support him? >> i'd have to study his record. i'm not going to comment until the president makes a nomination. >> steve, i have a sense that this knocking of this candidate has gone beyond neocons, people of the right. and including people who are just generally pro-israeli which is about most people in politics. i get the fear -- i have to call it fear because i liked hagel, that he may be in trouble now. the shots that have been taken at him about calling it the jewish lobby which is a problem because obviously people are very pro-israeli from the right. to use that term these days is the kind of thing that just ends up causing a lot of proble
i want to start with steve on this one. this sunday when given the opportunity to defend hagel, chuck schumer i just mentioned, refused to do so. listen to what this very smart senator from new york had to say. >> that's his choice. i think once he makes it, his record will be studied carefully. but until that point, i think we're not going to know what's going to happen. >> can you support him? >> i'd have to study his record. i'm not going to comment until the president...
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Dec 27, 2012
12/12
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KTVU
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mark is here for steve and i am liking your forecast. >>> we have been advertising a break-in the rain and as far as temperatures, we are off to a cool start in the of 40s. more cloud cover this morning. >>> i am tracking some more shower chances and i will have more on that in a few minutes. tara has an update on traffic. good morning tara. >>> this is a live look at 880, a lot more folks are out on the roadways this morning and this is a look at 237 near milpitas, traffic is moving on the right- hand side, let's head back to the desk. >>> we begin with breaking news. christian captain is there and what are police saying? >> well, the number one thing is that there were no officers injured. >> reporter: the one suspect in this case is dead. it's still a very active investigation on creek side drive. walnut creek police said it was a domestic violence case which ended in gunfire. there is more than a dozen cruisers from walnut creek police and from the contra costa area. then was actually behind the fence which you might be able to see and we learned the initial call came into the 911
mark is here for steve and i am liking your forecast. >>> we have been advertising a break-in the rain and as far as temperatures, we are off to a cool start in the of 40s. more cloud cover this morning. >>> i am tracking some more shower chances and i will have more on that in a few minutes. tara has an update on traffic. good morning tara. >>> this is a live look at 880, a lot more folks are out on the roadways this morning and this is a look at 237 near milpitas,...
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Dec 31, 2012
12/12
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CNBC
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how much of a drag on growth, steve? >> right now, if we did the full fiscal cliff, the full fiscal cliff monty, perhaps is the best way it put it, we get rid of more growth in the economy than in all of 2011. it would be a negative number, essentially, mandy. like 4.2% of gdp. we grew up 4% of 2011. a negative number. take away from that all things being equal. depending on what the private sector did. a negative for the economy. every dollar they don't do on the fiscal cliff, that's a dollar that does not come out of the economy. but i think it is probably reason to consider. talking about what brian was talking about at the top of the show here. 1%, maybe 1.5% drag on growth of anything decided from the fiscal cliff anyway. >> and it depends on what you buy. i hear what you're saying with, steve and it is important to dive in. when you get a dollar you probably spend more than the dollar, right? they have shown that. that is the greatest multiplier. let's be clear on what that is on. necessities, food, clothing, which
how much of a drag on growth, steve? >> right now, if we did the full fiscal cliff, the full fiscal cliff monty, perhaps is the best way it put it, we get rid of more growth in the economy than in all of 2011. it would be a negative number, essentially, mandy. like 4.2% of gdp. we grew up 4% of 2011. a negative number. take away from that all things being equal. depending on what the private sector did. a negative for the economy. every dollar they don't do on the fiscal cliff, that's a...
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Dec 13, 2012
12/12
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CNBC
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steve liesman and rick santelli tackle it out next. >> oh, boy. and we'll hear from a top republican lawmaker warning that the real fiscal cliff is a couple years away when the economy could collapse because of runaway spending. congressman paul brown will join us. >> and top picks for 2013. you'll never guess what stock he likes the most. >> hmm. >> back in a moment with that. [ male announcer ] with wells fargo advisors envision planning process, it's easy to follow the progress you're making toward all your financial goals. a quick glance, and you can see if you're on track. when the conversation turns to knowing where you stand, turn to us. wells fargo advisors. [ male announcer ] you build a reputation by not breaking down. consider the silverado 1500 -- still the most dependable, longest-lasting full-size pickups on the road. and now we've also been recognized for lowest total cost of ownership -- based on important things, like depreciation, fuel, and maintenance costs. and now trade up to get a 2012 chevy silverado all-star edition with a
steve liesman and rick santelli tackle it out next. >> oh, boy. and we'll hear from a top republican lawmaker warning that the real fiscal cliff is a couple years away when the economy could collapse because of runaway spending. congressman paul brown will join us. >> and top picks for 2013. you'll never guess what stock he likes the most. >> hmm. >> back in a moment with that. [ male announcer ] with wells fargo advisors envision planning process, it's easy to follow...
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Dec 21, 2012
12/12
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CNBC
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john harwood, steve liesman and larry kudlow. let's start with john with the progress or lack thereof. >> we've had a bit after crack up here in washington, brian, as you may have noticed. last night the house of representatives tried to move on speaker boehner's so-called plan b which would have raised taxes or permitted tax increases back to the clinton era levels on million dollar incomes. he was explaining to the press this morning about why he wasn't able to bring that up for a vote. and he said it was because members of his caucus had the perception a mistaken perception, that it was a tax increase. here is the speaker. >> there was a perception created that that vote last night was going to increase taxes. i disagree with that characterization of the bill. but that impression was out there. we had a number of members who didn't want to be perceived as raising real taxes. thalt the real issue. >> democrats picked up the reasoning behind the speaker's statement. he is saying it wasn't a tax increase because tax rates are sup
john harwood, steve liesman and larry kudlow. let's start with john with the progress or lack thereof. >> we've had a bit after crack up here in washington, brian, as you may have noticed. last night the house of representatives tried to move on speaker boehner's so-called plan b which would have raised taxes or permitted tax increases back to the clinton era levels on million dollar incomes. he was explaining to the press this morning about why he wasn't able to bring that up for a vote....
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Dec 26, 2012
12/12
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let's do on the technical side and fundamental side with steve cortes. good to see you both. one has been a stellar performer and the other not so much. what do you like right now? >> bill, you just summed it up. the news came out over the weekend and the market is telling you what you should believe in. netflix is up 1% and amazon down 3.5%. look at the chart in amazon, you can see it's been showing us this over the last four months. amazon put a high in at 261. about eight days ago tried to take out that high and couldn't do it. it put in a double top. that's a sign of a -- you know, of a failure. you have a stock like amazon who basically -- the stock failed at 261 and now we have a 20-day moving average which it broke through and 209-day moving average, the last time it broke through the 20-day moving average it fell 13%. now we look over at netflix, that's a totally different story, right you? said it was a dog. it bottomed out at $54 and broke above its 20-day moving average and stayed above its 20-day moving average for the last four weeks. if it stays above its $20 mo
let's do on the technical side and fundamental side with steve cortes. good to see you both. one has been a stellar performer and the other not so much. what do you like right now? >> bill, you just summed it up. the news came out over the weekend and the market is telling you what you should believe in. netflix is up 1% and amazon down 3.5%. look at the chart in amazon, you can see it's been showing us this over the last four months. amazon put a high in at 261. about eight days ago...
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Dec 11, 2012
12/12
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CNBC
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steve liesman, what do we need to hear from him? >> well, what we're going to hear is about additional asset purchases. 88% of respondents to our fed survey saying the fed will replace with outright purchases. i'll tell you our respondents, economists and strategists and around lists are giving bernanke and earful over what he's doing. let me first show you what the expectation is. replace twist, selling long-term, buying without purchases divided over whether or not it's going to be treasuries only or a mix of treasuries and mortgage-backed securities. now, how much will they do? the expectation if you look at the next chart, but there's going to be an $85 billion purchase. you can see the top choice is $85 billion. 30 announced and another 45 to replace twist. that's the expectation with some distribution along the scale there. what does that mean for the whole year, next 12 months? take a look. this number here seems kind of small. that's a trillion dollars, folks. that's the expectation of 35% or more of our respondents, next ye
steve liesman, what do we need to hear from him? >> well, what we're going to hear is about additional asset purchases. 88% of respondents to our fed survey saying the fed will replace with outright purchases. i'll tell you our respondents, economists and strategists and around lists are giving bernanke and earful over what he's doing. let me first show you what the expectation is. replace twist, selling long-term, buying without purchases divided over whether or not it's going to be...
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Dec 29, 2012
12/12
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FBC
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my name is steve. my family's lived in this neighborhood for years. recently, things got so tight we had to go to our local food bank for help. i lost a lot of sleep worrying about what the neighbors might think. that is, until i saw them there, too. how'd i do, steve? a little stiff. you could have done a little better. what? come on. you know, i have an academy award. yeah, but not for playing me. announcer: play a role in ending hunger. visit feedingamerica.org/hunger and find your local food bank. adam: i'm adam shapiro in for melissa francis. here's what's "money" tonight. president obama and congressional leaders try to pull off a fiscal cliff hail mary. their last-ditch meeting at the white house desperately tries to land a deal but the report he hadly not putting any new offer on the table. we have the very latest for you. >>> not even the fiscal cliff can slow down the u.s. oil boom the production surge sets up huge windfalls for businesses outside the oil industry in 2013. who stand to reap the biggest gains? we'll drill down details so you
my name is steve. my family's lived in this neighborhood for years. recently, things got so tight we had to go to our local food bank for help. i lost a lot of sleep worrying about what the neighbors might think. that is, until i saw them there, too. how'd i do, steve? a little stiff. you could have done a little better. what? come on. you know, i have an academy award. yeah, but not for playing me. announcer: play a role in ending hunger. visit feedingamerica.org/hunger and find your local...
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Dec 31, 2012
12/12
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FOXNEWSW
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steve moore always good to see you. >> thank you judge, great to be with you. >> later in the show heads rolled in the state department over benghazi, right? wrong. the latest double speak from the obama administration. up next, just over 24-hours from now if we goefr the fiscal cliff, who should we blame? re, ♪ ♪ >> this country is about to take a plunge over the fiscal cliff. who is really to blame? watcjomg this one. >> president has a decision to make. he can support these measures or be responsible for reckless spending and the largest tax hike in american history. >> the republicans in the house have decide to do rundown an alley that has no exit. >> republicans aren't about to write a blank check or anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> every time we come to a solution it was a year and a half ago in the summer right now the republicans walk away. >> don't automatically assume the president wants to cut a deal. i think he wants to wait to see if he gets blamed for it before he starts really negotiating. >> nobody can
steve moore always good to see you. >> thank you judge, great to be with you. >> later in the show heads rolled in the state department over benghazi, right? wrong. the latest double speak from the obama administration. up next, just over 24-hours from now if we goefr the fiscal cliff, who should we blame? re, ♪ ♪ >> this country is about to take a plunge over the fiscal cliff. who is really to blame? watcjomg this one. >> president has a decision to make. he can...
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Dec 31, 2012
12/12
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FOXNEWSW
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steve moore always good to see you. >> thank you judge, great to be with you. >> later in the show heads rolled in the state department over benghazi, right? wrong. the latest double speak from the obama administration. up next, just over 24-hours from now if we goefr the fiscal cliff, who should we blame? okay, here's the plan. you have a plan? first we're gonna check our bags for free, thanks to our explorer card. then, the united club. my motr was so wrong about you. next, we get priory boarding on our flight i booked with miles. all because of the card. and me. okay, what's the plan? plan? mm-hmm. we're on vacation. there is no plan. really? [ male announcer ] the united mileageplus explorer card. the mileage card with speci perks on united. get it and you're in. i wish i could keep it this way. [ male announcer ] now you can. with the crest pro-health clinical line. used together, they help keep your teeth 97% as clean as a dental cleaning. the toothpaste actually reduces plaque. and the rinse reaches all areas and is clinically proven to help prevent plaque regrowth. crest pro-heal
steve moore always good to see you. >> thank you judge, great to be with you. >> later in the show heads rolled in the state department over benghazi, right? wrong. the latest double speak from the obama administration. up next, just over 24-hours from now if we goefr the fiscal cliff, who should we blame? okay, here's the plan. you have a plan? first we're gonna check our bags for free, thanks to our explorer card. then, the united club. my motr was so wrong about you. next, we get...
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Dec 21, 2012
12/12
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FBC
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keep it right here and we will tell you how he did it on fox business. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the marke he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, le what t market is doing and being ready, no matter what happens, which isn't rocket science. it's just common see, from td ameritrade. [ engine revs ♪ ♪ [ male announcer ] the mercedes-benz wier event is back, with the perfect vehicle that's just right for you, no matter which list u're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 c250 for $349 a month at your local mercedes-benz dealer. he's going to apply testosterone to his underarm. axiron, the only underarm treatment for lot, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfeto others through direct contact. women, especiallthose who are or who m
keep it right here and we will tell you how he did it on fox business. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the marke he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, le what t market is doing and being ready, no matter what happens, which isn't rocket science. it's just common...
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Dec 13, 2012
12/12
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CNBC
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so who's right, steve? the market seems to be perplexed here because the stock market sold off during the news conference that you were at. and got your three questions in, by the way, i think at the top. and then it's down again today at the lows of the day. >> you know, it's interesting, should i be grade being the students or grading the professor? i guess that's the question i have. in a sense, they get to always be right in the following way. bernanke wants you to have a message. if you don't get that message, it's his fault. and it's not clear to me that -- he may have failed in this regard. i thought stephanie came closest to what i think the fed chairman's trying to do, which was yesterday convey a policy that we are easier than we thought -- than you thought we would be. and that 6.5% unemployment is supposed to convey that we're not calendar day certain. we are data certain. and unless that data gets down to being closer to what we want it to be, then we're going to stay on hold. and by the way, t
so who's right, steve? the market seems to be perplexed here because the stock market sold off during the news conference that you were at. and got your three questions in, by the way, i think at the top. and then it's down again today at the lows of the day. >> you know, it's interesting, should i be grade being the students or grading the professor? i guess that's the question i have. in a sense, they get to always be right in the following way. bernanke wants you to have a message. if...
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Dec 21, 2012
12/12
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steve benen and michael tomasky, great to have you with us tonight. we are going to be joined by steny hoyer when we come back, who is the whip in the house for the democrats. and he said earlier today he hasn't seen anything like this in his 30-plus years in the congress. what does he make of this situation? that's next. stay with us. >>> welcome back to "the ed >>> welcome back to "the ed show." house speaker john boehner has failed to get enough support to bring his plan b bill up for a vote. majority leader eric cantor said legislative business is done for the week and sent the house members home for christmas. for more i'm joined tonight by congressman steny hoyer of maryland. steny, great to have you with us tonight. i don't know how you do a deal with a dysfunctional bunch. but eric cantor said earlier today that they had the votes, then they didn't hold the vote. where are we at this hour? >> ed, what i think today shows very, very clearly, that in fact president obama has been willing to compromise, willing to make a balanced deal possible fr
steve benen and michael tomasky, great to have you with us tonight. we are going to be joined by steny hoyer when we come back, who is the whip in the house for the democrats. and he said earlier today he hasn't seen anything like this in his 30-plus years in the congress. what does he make of this situation? that's next. stay with us. >>> welcome back to "the ed >>> welcome back to "the ed show." house speaker john boehner has failed to get enough support to...
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Dec 21, 2012
12/12
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MSNBCW
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steve benen and michael tomasky, great to have you with us tonight. we are going to be joined by steny hoyer when we come back, who is the whip in the house for the democrats. and he said earlier today he hasn't seen anything like this in his 30-plus years in the congress. what does he make of this situation? that's next. stay with us. ♪ don't know what i'd do ♪ i'd have nothing to prove [ male announcer ] zales is the diamond store. save 25 percent off an amazing selection storewide, now through monday. with less chronic osteoarthritis pain. imagine living your life with less chronic low back pain. imagine you, with less pain. cymbalta can help. cymbalta is fda-approved to manage chronic musculoskeletal pain. one non-narcotic pill a day, every day, can help reduce this pain. tell your doctor right away if your mood worsens, you have unusual changes in mood or behavior or thoughts of suicide. antidepressants can increase these in children, teens, and young adults. cymbalta is not approved for children under 18. people taking maois or thioridazine
steve benen and michael tomasky, great to have you with us tonight. we are going to be joined by steny hoyer when we come back, who is the whip in the house for the democrats. and he said earlier today he hasn't seen anything like this in his 30-plus years in the congress. what does he make of this situation? that's next. stay with us. ♪ don't know what i'd do ♪ i'd have nothing to prove [ male announcer ] zales is the diamond store. save 25 percent off an amazing selection storewide, now...
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142
Dec 27, 2012
12/12
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FBC
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adam: steve hayes, i will get to you in a second. jeffrey i want to follow up with what you just said. are you saying small business is entrepreneurs, all kinds of people already planned their strategy for 2013 based on spending cuts out of washington and very large tax increases out of washington? >> i think the heightened uncertainty about what the rules of the game are actually going to be next year has caused a decline or at least a slowing of capital investment. i think you see that in the data, in the third and fourth quarter and also in hiring. i think you're seeing maybe between one and two million fewer people hired in this recovery because of the heightened level of economic policy uncertainty coming out of washington. adam: steve hayes, i'm curious. we saw what happened in the market today. you had harry reid this morning saying we'll probably go over the cliff. we were down triple digits. then you had the announcement the house would reconvene. we almost rebounded. only closed down 18 points. where is all this going? i th
adam: steve hayes, i will get to you in a second. jeffrey i want to follow up with what you just said. are you saying small business is entrepreneurs, all kinds of people already planned their strategy for 2013 based on spending cuts out of washington and very large tax increases out of washington? >> i think the heightened uncertainty about what the rules of the game are actually going to be next year has caused a decline or at least a slowing of capital investment. i think you see that...
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Dec 31, 2012
12/12
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CNBC
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>> yes, steve, i would agree with you. i think the risk reward today, s&p at 1400 is very a-similar et rick. there's a limited downside and a lot of upside. i think the low for the year, we think next year, will be near 1350. so say we have 50 points of downside and we have more than 150 points on the upside. the one thing i would just caution, though, is the first half, especially if you look at history on fifth-year bull markets, you could be pretty strong out of the debate. say we hit 1,500, but we start to run out of catalyst and that's what causes the retracement. >> so your best ideas for next year, i don't think apple will be a surprise to many, although given the way that the stock is finishing the year, today not withstanding, it may be. bank of america, you expect a run in financials to continue, bac, capital one, why do you think mcdonald's has a comeback in '13? >> in general what we are looking for is blue chip branded stories with very good history in management teams. that's all the companies you just named
>> yes, steve, i would agree with you. i think the risk reward today, s&p at 1400 is very a-similar et rick. there's a limited downside and a lot of upside. i think the low for the year, we think next year, will be near 1350. so say we have 50 points of downside and we have more than 150 points on the upside. the one thing i would just caution, though, is the first half, especially if you look at history on fifth-year bull markets, you could be pretty strong out of the debate. say we...
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Dec 27, 2012
12/12
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MSNBCW
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steve cornaki is joining us, as well. president obama returned to washington moments ago, cutting short his christmas vacation. the president has now spoken with all four congressional leaders, according to the white house communications director he. the house remains on vacation, but there are a few signs of life in the capital. gop leaders have released a new statement with an old message to the senate. the ball is in your court. the statement says the house will take action on whatever the senate can pass, but the senate first must act. well, this morning, senate majority leader reid slammed the house republicans not not even showing up. >> if we go over the cliff, and it looks like that's where we are headed, the house of representatives as we speak with four days left after today before the first of the year aren't here with the speaker having told them they will give them 48 hours inside. i can't imagine their conscious. >> well, senator reid is expected to hold a news conference about the talks this afternoon. so h
steve cornaki is joining us, as well. president obama returned to washington moments ago, cutting short his christmas vacation. the president has now spoken with all four congressional leaders, according to the white house communications director he. the house remains on vacation, but there are a few signs of life in the capital. gop leaders have released a new statement with an old message to the senate. the ball is in your court. the statement says the house will take action on whatever the...
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Dec 27, 2012
12/12
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CNNW
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. >> number 10, apple the first year without steve jobs and a company trying to prove under a new ceo it can invent things we needed we didn't know and would still buy. >> number 9, the u.s. stock market despite all the worries about the fiscal cliff and maybe slower growth in the u.s. economy, the stock market has had a great year. too bad you missed out. smart money has been in the market. the rest of us have been worried about the fiscal cliff. >> number 8, facebook's ipo, hundreds of millions of people like facebook, but investors did not. on its first day as a public company. trading glitches at the nasdaq and questions about the company's ability to make money on mobile users pummelled the stock which has yet to climb its way back to its ipo price. >> number 7, mother meyer. the new ceo of yahoo who announced she was going to take a two-week maternity leave. it looks like a mother's touch is just exactly what yahoo needed. >> number 6, mother nature. a drought in the midwest that scorched the corn and soy crop sending prices sky high. who can forget superstorm sandy. damages as
. >> number 10, apple the first year without steve jobs and a company trying to prove under a new ceo it can invent things we needed we didn't know and would still buy. >> number 9, the u.s. stock market despite all the worries about the fiscal cliff and maybe slower growth in the u.s. economy, the stock market has had a great year. too bad you missed out. smart money has been in the market. the rest of us have been worried about the fiscal cliff. >> number 8, facebook's ipo,...
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Dec 27, 2012
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time magazine's rana joins us and steve kornacki. it seems to me if you listen to newt gingrich, who has become a commentator every time he's not running for something, you get the sense that you don't want to run against hillary clinton because she's grabbed the scepter. she's quite hawkish on issues like iraq and the middle east generally. i think she's very hawkish xa d compared to most democrats. where is the wiggle room to go against her? >> i completely agree. i think she's done an incredibly great job. she's been incredibly deft at are he positioning the u.s. in a mul multipolar world where we have relatively less economic power. she's managed through digital state craft, through smafert uses of technology to project a soft power and it's been a great credit to our country and i think it's going to be a real tough thing to put in a bad light. >> you know, and, steve, i don't know about your politics on this, i think i'm a little to her left on a lot of thers foreign policy issues like iraq and the middle east. she's positioned
time magazine's rana joins us and steve kornacki. it seems to me if you listen to newt gingrich, who has become a commentator every time he's not running for something, you get the sense that you don't want to run against hillary clinton because she's grabbed the scepter. she's quite hawkish on issues like iraq and the middle east generally. i think she's very hawkish xa d compared to most democrats. where is the wiggle room to go against her? >> i completely agree. i think she's done an...
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Dec 12, 2012
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to steve austria, steve is another one that reached out. as a 26 1/2-year veteran of the air force, wright patterson air force base is -- it's important to the state of ohio, that is true. but it's important to the air force. it's porch to our nation. -- important to our nation. and i've appreciated the work that steve has done there. steve might not realize this, but he trained many of the staff that i have today. i'm very pleased with the staff that i have here in washington and many of those that serve with me today, serving the sixth district of ohio, came through steve austria's office. and -- where they learned and where they saw the value of hard work and steve austria and i appreciate so much what steve has done for our delegation. to dennis kucinich. you know, i had seen dennis many, many times on television prior to being elected myself, seeing the interviews. dennis was a known leader and political figure in the state of ohio and people told me early on , you know, you don't have to agree with everything that dennis says, but one
to steve austria, steve is another one that reached out. as a 26 1/2-year veteran of the air force, wright patterson air force base is -- it's important to the state of ohio, that is true. but it's important to the air force. it's porch to our nation. -- important to our nation. and i've appreciated the work that steve has done there. steve might not realize this, but he trained many of the staff that i have today. i'm very pleased with the staff that i have here in washington and many of those...
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Dec 21, 2012
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but the question looming large over this case all along has been what it means for steve cohen. the government has reportedly been trying to make a case for years. martoma is the sixth s.a.c. employee to be implicated. and yet the idea of another form he sac trader's indictment can hardly be good news for cohen, the fact that the government didn't win martoma's cooperation in building a case against cohen surely must be a relief. martoma's lawyer has said consistently that his client is nnt innocent of the charges and defense attorneys expect martoma to plead not guilty at his next court appearance. nonetheless, he could choose to flip at any time, maria, and the government, of course, is still working other angings. sac for its part is not commenting today. >> kate, let me ask you about this because so many on wall street are looking at this story closely because they want to see if steve cohen, the founder of the firm, will be taken down. they've been circling this wagon for a long time, kate, and they continue doing that. tell us how they haven't been able to -- they haven't
but the question looming large over this case all along has been what it means for steve cohen. the government has reportedly been trying to make a case for years. martoma is the sixth s.a.c. employee to be implicated. and yet the idea of another form he sac trader's indictment can hardly be good news for cohen, the fact that the government didn't win martoma's cooperation in building a case against cohen surely must be a relief. martoma's lawyer has said consistently that his client is nnt...
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Dec 18, 2012
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is it time for steve ballmer to go? >> well, i think there's a good case to be made that given the assets, he's been a good custodian. has he been a visionary compared to someone like steve jobs, i think the question is not. certainly microsoft has held up a lot better than a number of other tech companies. he hasn't done a lot of dumb acquisitions. they are somewhat hamstrung in terms of a special dividend by the amount of cash offshore. i'd argue that a ceo like ballmer probably gets more of a lion's share of the blame for what structurally have been challenges in microsoft's core markets. >> microsoft likes to point out that the servers and tools part of the business has helped buffer the blow but doesn't get the attention it should get. then of course you have xbox and other parts of the business. still you have what appears to be a company. you mention the word custodian. that's not what you want to see as ceo. you want to see execution. you don't want to see failed products. if it's just 25% of the business window
is it time for steve ballmer to go? >> well, i think there's a good case to be made that given the assets, he's been a good custodian. has he been a visionary compared to someone like steve jobs, i think the question is not. certainly microsoft has held up a lot better than a number of other tech companies. he hasn't done a lot of dumb acquisitions. they are somewhat hamstrung in terms of a special dividend by the amount of cash offshore. i'd argue that a ceo like ballmer probably gets...
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Dec 27, 2012
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record snowfall means big business for steve resorts. we got the ceo. shibani: let's look how the ten year treasury is fairing down four basis points. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all onhinkorswim from td ameritrade. ♪ >> i am adam shapiro with your fox business brief. a tough day for the market with a few days left before tax hikes and budget cuts go into effect. harry reid says the u.s. is likely to roll off of the fiscal cliff and will speak to reporters about those negotiations. mortgage rates finished out the year near historic lows. freddie mac says the average for a 30 year fixed mortgage east to 3.35%. the empire state building is one step closer to going public. the management of the iconic skyscraper has been given the go-ahead by the securities and exchange commission to allow the building to be included in a proposed real
record snowfall means big business for steve resorts. we got the ceo. shibani: let's look how the ten year treasury is fairing down four basis points. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all onhinkorswim from td ameritrade. ♪ >> i am adam shapiro with your fox business brief....
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Dec 27, 2012
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up next is steve forbes. after that we will be talking with matt bennett about gun background checks and gun sales in the u.s. mr. forbes coming from our studio in new york in just a few minutes after "washington journal" continues. [video clip] >> that they really started to get worried in the summer and fall of 1774. the british admirals and generals and diplomats were reporting to the crown that the colonists were sending ships everywhere to try to get ammunition and muskets and cannon. this was after the british had sent more troops to boston after the boston tea party and the so-called coercive acts, and it's clear that the colonists were pulling together ammunition and cannon. maybe they didn't intend to use it. that was a big debate. the king on october 1774 basically prohibited british ships from taking ammunition and everything to the colonies unless it was officially sanctioned. they were very alert to this. as soon as the colonies found out about the order prohibiting ammunition and munitions from
up next is steve forbes. after that we will be talking with matt bennett about gun background checks and gun sales in the u.s. mr. forbes coming from our studio in new york in just a few minutes after "washington journal" continues. [video clip] >> that they really started to get worried in the summer and fall of 1774. the british admirals and generals and diplomats were reporting to the crown that the colonists were sending ships everywhere to try to get ammunition and muskets...
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Dec 27, 2012
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steve lewis, steve got desks last two >>> good evening, americans, welcome to the ed show. i'm michael eric dyson in for ed schultz. the president cuts his vacation short to come back to washington, d.c., meanwhile, house republicans are literally phoning it in, this is the ed show, and as ed would say, let's get to work. >> this is something within our capacity to solve. it doesn't take that much work, we just have to do the right thing. >> six days away from the fiscal cliff and there are real consequences to millions of americans if no deal is cut. congressman elijah cummings and ryan grim of the huffington post are here with the latest. a tea party giant stages a coupe with his own office. the details on dick armey's hostile takeover. the nra is catching heat from all directions. >> i don't think the nra is listening, i don't think they understand. >> georgetown university law professor, david cole on the growing drumbeat against the nra. >>> six days until the price of milk shoots up to $8 a gallon. why house republicans are take ing america to the dairy cliff. >>> and
steve lewis, steve got desks last two >>> good evening, americans, welcome to the ed show. i'm michael eric dyson in for ed schultz. the president cuts his vacation short to come back to washington, d.c., meanwhile, house republicans are literally phoning it in, this is the ed show, and as ed would say, let's get to work. >> this is something within our capacity to solve. it doesn't take that much work, we just have to do the right thing. >> six days away from the fiscal...
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Dec 12, 2012
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s waiting for steve nash to come back. if he does, everyone will be fine and no one will ever remember this dismal start. >>> now to the nfl and the new orleans saints bounty scandal players had their suspensions overturned by former commissioner paul tab beau, who was handling the appeals process. vilma and hargrove were still found guilty but scott fujita was cleared on the charge. all the team coach suspensions remain in effect. now the question is what does this all mean? mike, take it away. >> it means, one, the existing commissioner of football, goodell, took a helmet-to-helmet hit from the former commissioner, paul tagliabue -- >> slap. >> i mean, a real slap. two, it means that the players involved are going to have to get back pay now, i would assume, because they lost their whole season. >> how about the saints fans? >> well, the saints fans are on the periphery in this. but three, it means the blame has finally and assertively been put where it belonged all the time, on the coaching staff of the new orleans sain
s waiting for steve nash to come back. if he does, everyone will be fine and no one will ever remember this dismal start. >>> now to the nfl and the new orleans saints bounty scandal players had their suspensions overturned by former commissioner paul tab beau, who was handling the appeals process. vilma and hargrove were still found guilty but scott fujita was cleared on the charge. all the team coach suspensions remain in effect. now the question is what does this all mean? mike,...
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Dec 23, 2012
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as you heard steve said the president is taking a little vacation and leaving the fiscal cliff behind, but probably not for long. we expect shortly after the christmas holiday with his family here the president is expected to head back to washington to work with congress to try in the final days. about that. he got in a golf game yesterday to dinner with the first lady. a little downtime. but then as you noted today he will be honoring the long service, the long life of the senator from hawaii. a half century in the senate, but a medal of honor winner on the battlefield in world war ii where he lost an arm. they are going to be at the national memorial cemetery of the pacific at punch bowl where the senator will be laid to rest. the president on friday at the washington national cathedral said he was inspired as a young boy when he saw the senator at the watergate hearings. take a listen. >> i learned how our democracy was supposed to work. our government of and by and for the people. we have a system of government where nobody is above the law. we have an obligation to hold everybody
as you heard steve said the president is taking a little vacation and leaving the fiscal cliff behind, but probably not for long. we expect shortly after the christmas holiday with his family here the president is expected to head back to washington to work with congress to try in the final days. about that. he got in a golf game yesterday to dinner with the first lady. a little downtime. but then as you noted today he will be honoring the long service, the long life of the senator from hawaii....
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Dec 14, 2012
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. ♪ ♪ [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. which isn't rocket science. tired of fees piling up introducing chase liquid. the reloadable card with no fee reloads and withdrawals at chase atms. all for one flat monthly fee so there's zero confusion. get rid of prepaid problems. get chase liquid. ♪ ♪ >> bob: you got to love ricky nelson. first, why do i get this segment? here is the way the producers said it to me. bob, when you come up with the story, please try to keep it classy. this is a story about something i know a little bit about, a strip jump. larry flint's hustler club. a guy by the name of william raned up a bi
. ♪ ♪ [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. which isn't rocket science....
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Dec 28, 2012
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so i think she can ride that. >> steve, do you think she could get up to 70% or 65% or 70%? right now the democrats get 55% to start with. could she do something historically that blows the other party out of the game because of her dominance of female voters? >> yeah, i'm not sure in a general election you could do that, but i think the difference is this. if you look at the two reasons why she lost the democratic primaries to obama in 2008, one was the iraq war, that foreign policy. and the idea that democrats thought maybe she's too polarizing. obama is the uniter, clinton is the wars of the 1990s all over again, too many people don't like her. i think the best thing republicans have done for hillary clinton in the last four years is they have taken that argument away. no democrat can come along in 2016 and use that argument against her now, that she's a uniquely polarizing figure. she's as polarizing as anybody else. >> here is my view, get a whole new team around you. the team you ran with last time was a disaster. get people who want to enlarge your coalition. they sho
so i think she can ride that. >> steve, do you think she could get up to 70% or 65% or 70%? right now the democrats get 55% to start with. could she do something historically that blows the other party out of the game because of her dominance of female voters? >> yeah, i'm not sure in a general election you could do that, but i think the difference is this. if you look at the two reasons why she lost the democratic primaries to obama in 2008, one was the iraq war, that foreign...
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Dec 28, 2012
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first, from the belfort furniture weather center, let's check on traffic with steve. >> restart with about 29 in montgomery county, columbia pike at musgrove rd. accident blocking the bill lanes northbound on route 29. and causing a huge back up, but you can eat all the activity. everything is now open southbound. -- you can see the activity. on northbound 95 in virginia there was an accident headed up from the prince william parkway delays to the occoquan river, the left side of the road affected with an accident. after you pass the incident, you are in better shape. in springfield is moving pretty smoothly. a little volume, but not enough to slow you down. starting off well at 395. around dulles, the toll road moving smoothly. no delays on the greenway or the toll road. back to you. >> thank you. continuing to follow the developing story out of new york. for the second time in a matter of weeks, a man has been killed after being pushed into the path of a train. a woman who had been muttering to ourself got off of a bench and pushed the victim into the path of a seven train in queen
first, from the belfort furniture weather center, let's check on traffic with steve. >> restart with about 29 in montgomery county, columbia pike at musgrove rd. accident blocking the bill lanes northbound on route 29. and causing a huge back up, but you can eat all the activity. everything is now open southbound. -- you can see the activity. on northbound 95 in virginia there was an accident headed up from the prince william parkway delays to the occoquan river, the left side of the road...
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Dec 23, 2012
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good morning, steve. >> good morning, eric. the two sides in the fiscal cliff debate had their say before heading home for christmas, but no deal of course. after house speaker john boehner called off his push for a plan b last week saying the ball is now in the democrats' court. there has been no movement toward any deal. democrats want tax hikes for the wealthy. republicans want spending cuts. and some in the gop say the president doesn't want to avoid the fiscal cliff. >> when i listen to the president, i think the president is eager to go over the cliff for political purposes. i think he sees a political victory at the bottom of the cliff. he gets all of this additional tax revenue for new programs and he gets to cut the military which democrats have been calling for for years and he gets to blame republicans for it. >> president obama for his part said he is optimistic a deal can still be reached. he spoke at the white house friday before leaving for hawaii where he is now. but at the same time the president acknowledging
good morning, steve. >> good morning, eric. the two sides in the fiscal cliff debate had their say before heading home for christmas, but no deal of course. after house speaker john boehner called off his push for a plan b last week saying the ball is now in the democrats' court. there has been no movement toward any deal. democrats want tax hikes for the wealthy. republicans want spending cuts. and some in the gop say the president doesn't want to avoid the fiscal cliff. >> when i...
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Dec 21, 2012
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. >> steve, tell me, what do you think that shows, that the original video didn't show? >> reporter: firstly, i think you just blew out my ear drum with all the beeps. i am sorry, i had to send you the unedited version. you can your work cut owl out for you. the union thugs are animals. you can see, if people saw me on twitter, they were chanting -- they were basically warning people of the acts of violence they were about to encounter. these people were not there for a peaceful protest. they don't want voices -- by the way, i have openly said, if union thugs happen to have footage that they think is damning of the conservative protesters there, please send it along. i believe in equal time. but you will notice in this video, even though the conservative protesters -- who have every right to be there, outnumbered, 1, 2, 20, 30, 50 to one, they are pacing of the the union thugs are covering up the cameras with the signs. you can see why. >> all right. i am glad you were able to come on. thanks so much. >> coming up, did you hear the bad news? the world is going to end tom
. >> steve, tell me, what do you think that shows, that the original video didn't show? >> reporter: firstly, i think you just blew out my ear drum with all the beeps. i am sorry, i had to send you the unedited version. you can your work cut owl out for you. the union thugs are animals. you can see, if people saw me on twitter, they were chanting -- they were basically warning people of the acts of violence they were about to encounter. these people were not there for a peaceful...
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Dec 21, 2012
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. >> i'm steve kornacki. excited like a kid with a new puppy on christmas morning or something like that. any day you can talk about the intricacies of new jersey politics i love it. >> what travellers are not loving it the holiday travel mess. a check of the weather and what it means to get to grandma's. come on over the river and through the woods to "the cycle." >> we begin with what could only be described as one of the weirdest press conferences in recent memory. with nra's chief wayne lapierre giving what felt less than a news conference and more than a 30 minute case for ending gun violence with more guns. >> the only thing that stops a bad guy with a gun is a good guy with a gun. i call on congress today to act immediately to appropriate whatever is necessary to put armed police officers in every single school in this nation. and to do it now. to make sure that blanket safety is in place when our kids return to school in january. >> oh, boy. this news conference monolog was interrupted not once but tw
. >> i'm steve kornacki. excited like a kid with a new puppy on christmas morning or something like that. any day you can talk about the intricacies of new jersey politics i love it. >> what travellers are not loving it the holiday travel mess. a check of the weather and what it means to get to grandma's. come on over the river and through the woods to "the cycle." >> we begin with what could only be described as one of the weirdest press conferences in recent...
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Dec 12, 2012
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steve understands that. that is what this organization is doing such great work. >> thanks for that. you mentioned something about the debt ceiling. that is an esoteric topic for a lot of americans. the president of the united states has proposed to have, at his discretion, be able to raise the debt ceiling of the united states in an unlimited way forever. without the approval of congress. what is the big deal? >> it is practically the most frightening proposal that has come out of this town, and a lot have. when you add on the entitlements that are unfunded, the president, i do not think, has a knowledge, and maybe he does not recognize that one of the greatest threats to economic freedom and to the american dream home -- i have a five- year-old and a three-year-old. i think most people that have young kids recognize the ability to have the same opportunity we have today is at risk because of spending. they will not play a single cut on the table. he comes up with a ludicrous proposal to have unlimited incr
steve understands that. that is what this organization is doing such great work. >> thanks for that. you mentioned something about the debt ceiling. that is an esoteric topic for a lot of americans. the president of the united states has proposed to have, at his discretion, be able to raise the debt ceiling of the united states in an unlimited way forever. without the approval of congress. what is the big deal? >> it is practically the most frightening proposal that has come out of...
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Dec 18, 2012
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on the technical side, it's richard ross and on the fundamental side it's steve cortes with veracruz. rich, look at the charts. which of these do you prefer, or do you prefer them right now. >> well, bill, the case of the biggest loser here, but overwhelmingly i prefer groupon. stock became public a year ago in facebook style. lost 90% of its value in just 12 months. had a nice bounce here. we've taken out the downtrend from the february high and taken out 509-day moving average. you see that key resistance, that key level at 550. i think we're going to take that out. we have a v-shaped reversal. a lot of momentum. we see projected upside to the 200 day, 8.40, 8.50, a very nice upside. we'd be a big buyer of groupon. j.c. penney, stay away from j.c. penney. the stock has been disappointing investors for over five years. down 87% from the 2007 high around $90. gotten a little bit of a bounce. you want to fade that bounce. don't trade that bounce. >> okay. >> you can sell your shares to steve because you want to buy them, right? >> i'm on the exact other side of this. bill, would i say
on the technical side, it's richard ross and on the fundamental side it's steve cortes with veracruz. rich, look at the charts. which of these do you prefer, or do you prefer them right now. >> well, bill, the case of the biggest loser here, but overwhelmingly i prefer groupon. stock became public a year ago in facebook style. lost 90% of its value in just 12 months. had a nice bounce here. we've taken out the downtrend from the february high and taken out 509-day moving average. you see...
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Dec 20, 2012
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discuss the very latest on the fiscal cliff negotiations or non-negotiations, new york congressman steve israel, chairman of the congressional campaign committee. we're waiting on hearing from john boehner, but it appears that nothing is -- that no progress is being made, that we're walking backwards just as time is running out. what is your take from up there? >> i think you're right, unfortunately. you know, chris just said that this is a bit of a gambit by speaker boehner, and he is accurate. the thing is that we need fewer gambits and more governing. the republican -- the house republicans have just refused to govern. it has been cliff after cliff, shutdown after shutdown. it has been politics over improvement. this is just proof of the pudding. the president of the united states has offered compromise after compromise, and every time it looks, andrea, like we are close, the republicans move further away. they are more interested in partisan politics. they're more interested in preserving their careers than they are in preserving the economy for the middle class. if that wasn't the c
discuss the very latest on the fiscal cliff negotiations or non-negotiations, new york congressman steve israel, chairman of the congressional campaign committee. we're waiting on hearing from john boehner, but it appears that nothing is -- that no progress is being made, that we're walking backwards just as time is running out. what is your take from up there? >> i think you're right, unfortunately. you know, chris just said that this is a bit of a gambit by speaker boehner, and he is...
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lori: ramesh, and steve, thanks you both chiming in. appreciate your take on these topics of the day. >> thanks. lori: reality is sinking in with just five days to go before we go over the cliff or maybe we won't. how are americans feeling? the latest poll numbers and gerri willis next. tracy: people are waking up finally. we'll tell you which industry stand to add and stand to lose the most jobs in 2013. let's take a look at some of today's winners and losers as we head out to break. the dow down 25 points. jcpenney is your s&p 500 winner, up 3 1/2%. we'll be right back. >> all that rough weather on the eastern sea board. >> just on its way to new york. snowing a little. it's seasonal. typical winter. it's officially here; right? >> yeah, i'm all about the beach and whatever. >> i know. >> bikinis and forget the snow boots. >> my kids went skiing yesterday and had a blast. to each its own. the dow's off 29 points. we are on the floor. >> i love the beach. i switch from skiing to snowboarding because hi kids said i was not cool on the s
lori: ramesh, and steve, thanks you both chiming in. appreciate your take on these topics of the day. >> thanks. lori: reality is sinking in with just five days to go before we go over the cliff or maybe we won't. how are americans feeling? the latest poll numbers and gerri willis next. tracy: people are waking up finally. we'll tell you which industry stand to add and stand to lose the most jobs in 2013. let's take a look at some of today's winners and losers as we head out to break. the...
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Dec 4, 2012
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steve. caller: i happen to be in the minority that thinks it is a good thing because it raises taxes on folks and pays for government programs that have to be paid for, but i am intrigued by the statement from mr. buckley that there will be chaos if the amt is permitted to go forward, or if it is not attached in 2012. what chaos will happen? people will have to pay more taxes. it is not as if people are sitting around tax software anticipating what taxes are going to be. people will be hit with a tax bill that will be calculated, and quite frankly, in a more simplified form been standard tax law. host: professor bob kelly? guest: when i say chaos i am -- professor buckley? >> when i say chaos, i am referring to two things. the irs has done programming based on their being a patch enacted by the end of the year. most tax returns software has made the same calculated gamble. i agree that the government needs revenue. i do not think there is any question of that. if you just say that the amt is
steve. caller: i happen to be in the minority that thinks it is a good thing because it raises taxes on folks and pays for government programs that have to be paid for, but i am intrigued by the statement from mr. buckley that there will be chaos if the amt is permitted to go forward, or if it is not attached in 2012. what chaos will happen? people will have to pay more taxes. it is not as if people are sitting around tax software anticipating what taxes are going to be. people will be hit with...
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Dec 21, 2012
12/12
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so essentially, you have a radicalized group within the republican caucus as steve said. it really essentially is going to help take this over the cliff unless the speaker acts as speaker of the entire house and not only the leader of his dysfunctional party. >> representative levin, what are we talking about in terms moving the deficit? how much money do you raise with these tax increases? and then i -- i guess the next question, naturally, is where are the spending cuts? >> let me just mention what was discussed apparently between the speaker and the president. about a trillion-two in tax increases and they would come for income over 250,000. most of it income above that and essentially would have raised $1.2 trillion. on the spending side, they discussed cuts of about $1 trillion, for example, $400 billion from health. so the speaker and the president had, i think, some meaningful discussion. i think the president was more than forthcoming. but essentially, the speaker decided to go back to the conference on a very different path, thinking he could pick up a conference
so essentially, you have a radicalized group within the republican caucus as steve said. it really essentially is going to help take this over the cliff unless the speaker acts as speaker of the entire house and not only the leader of his dysfunctional party. >> representative levin, what are we talking about in terms moving the deficit? how much money do you raise with these tax increases? and then i -- i guess the next question, naturally, is where are the spending cuts? >> let me...
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Dec 31, 2012
12/12
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steve moore, senior economics writer with the "wall street journal." steve, thank you very much. shibani: so far the markets are having a tough time deciding what will happen over the next few hours. ashley: traders worried? we will ask a chief market strategist. we will have his opinion coming up next. ♪ [ male announcer ] how can power consumption in china, impa wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. ro price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. shibani: breaking news, live pictures from the white house as we wait for president obama to speak in about 15 minutes from now as lawmakers struggle to hammer out a deal on the fiscal cliff. peter barnes believes the president will announce a deal. we will bring you his co
steve moore, senior economics writer with the "wall street journal." steve, thank you very much. shibani: so far the markets are having a tough time deciding what will happen over the next few hours. ashley: traders worried? we will ask a chief market strategist. we will have his opinion coming up next. ♪ [ male announcer ] how can power consumption in china, impa wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe...
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Dec 27, 2012
12/12
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steve, massachusetts will also have a special election most likely in spring after john kerry's expected confirmation. and scott brown with a command been lead in a lot of the polls. can any democrat give him a run for his money? >> i think so. i think several members have talked about running. it's a very democratic state. i think the republican party brand is at an all-time low. by the time we get to the special election in march or april, it will probably be lower based on the performance this week, so i think we'll have a real good shot. the white house and party are going to commit to do whatever they can to make sure we're competitive. >> can i respond quickly? >> very quickly. >> scott brown is a different kind of republican, very moderate. most massachusetts individuals really like him a lot. his only downfall is he was running for reelection in a heavy presidential year. >>> a major turning point for the housing market. we'll have that next. >>> president george h.w. bush is in guarded condition. a family spokesman says his doctors are cautiously optimistic. he's alert, talking
steve, massachusetts will also have a special election most likely in spring after john kerry's expected confirmation. and scott brown with a command been lead in a lot of the polls. can any democrat give him a run for his money? >> i think so. i think several members have talked about running. it's a very democratic state. i think the republican party brand is at an all-time low. by the time we get to the special election in march or april, it will probably be lower based on the...